1. Lowell motors bonds have 8 years remaining to maturity. Interest is paid annually, they have a $1000 par value, the coupon rate is 8%, and yield to maturity is 6%. What is the bonds current market price? Answer to the nearest cent, xxx.xx and enter without the dollar sign

2. What is the present value of perpetuity? If the interest rate is 6% and the payment is $180. Answer to the nearest cent, xxx.xx and enter without the dollar sign